Coursmos to Resume another Bridge-Round: Bringing Raised Investment Total to $2.2M to Pivot Toward a More Universal Learning Management Solution

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Coursmos.com, a well-known learning platform and MOOC marketplace, just closed another bridge round receiving $500,000 from Altera Investment Fund (http://www.alteracapital.com) to pivot to a more universal learning management product.

(PRWEB)September 01, 2016

Rather than making a U-turn from individual trainers and a marketplace to a corporate market, the Coursmos team is confident in its B2C strategy and will continue to work with independent trainers while growing a larger consumer base.

“We are already considered an efficient and modern individual training solution and performed quite well as MOOC last year, showing good traction with our micro-learning platform,” said Coursmos co-founder and CEO Roman Kostochka.

“We see a strong interest in the enterprise solution for learning management so it’s a natural decision to expand our product to a full-featured open education platform and head to the enterprise market. Fortunately, we found strong support from our team of investors and especially Altera Investment Fund that amplified our efforts with another acceleration round,” Kostochka continued.

Following Kostochka’s statements, Vice President of Marketing and Strategic Partnerships Arseniy Semenov said, “We see growing room on the market for a more sophisticated solution during our recent negotiations with educational institutions and large enterprise clients who need advanced management tools to communicate with users, track their progress and assess their results. We have over 1.8M users globally and tens of thousands of courses. We know what a large scale learning platform should be and we’re ready to meet the demand.”

Coursmos believes the cloud nature and its flexible pricing policy are two of its greatest advantages. “The growing pace of competition doesn’t allow companies to implement learning solutions for weeks or even months,” explained Philip Kozyrev, the Vice President of Sales & Marketing. “With Coursmos, you can set up and run your private corporate platform within hours. We offer a variety of tools for easy migration and customization and, even if you need some time to create or import courses, you can have a starter pack of 20 categories with over 2000 top business courses available so your employees can develop their management and professional skills from day one.”

Coursmos’ pivot lays within the global trends on the LMS market, which has been growing by an average of 25% in recent years and is estimated to reach $7.8B by 2018. There’s a market tendency toward implementation of cloud-based LMSs within many organization, which provides obvious benefits such as significant reductions in terms of capital and operational costs as well as ease of roll out.